Nigeria increases taxes on cigarettes and alcohol
News & Trends •
nigeria increases taxes on cigarettes and alcohol1 under the new rates for tobacco1 each stick of cigarette will attract one naira specific rate per stick that is n20 per pack of 20 sticks in 2018. in 20191 tobacco will attract two naira tax per stick or n40 per pack of 20 sticks. by 20201 tobacco tax will even go higher1 as it wlll attract n2.90 kobo per stick or n58 per pack of 20 sticks. despite the increases1 adeosun explained that nigeria’s cumulative specific excise duty rate for tobacco is still comparatively lower than obtained in som1 nigeria increases tax on cigarette and alchohol1